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Defensive end Ray McDonald was released by the Chicago Bears, hours after being arrested in California on charges of domestic violence and child endangerment. It was the third incident in nine months for McDonald, although no charges have yet been filed against him in any of the cases. McDonald was arrested last August on suspicion of felony domestic violence but he was never charged.
Samsung Group announced on Tuesday the merger of two major affiliates, as the South Korean business giant accelerates restructuring efforts ahead of a generational power transfer within the founding Lee family. The all stock deal, approved by the boards of both companies would see Samsung's de facto holding company Cheil Industries -- which has interests from fashion to theme parks -- acquire general trade and construction affiliate Samsung C&T. The merger, which is expected to be completed by September pending shareholder approval, will see Cheil offer 0.35 new shares for each Samsung C&T share.